World Trade Networks from 1928 to 1938

Tieting Su


Paul Einzig, a London Financial journalist, after a four week visit to New York, observed: "With few exceptions they [Financiers] were convinced that the period of prosperity then being experienced was everlasting,...Although just then there was a minor slump in Wall Street...everybody I met was convinced that the boom would be resumed..." (London Financial News 4/9/26, cited in Davis, 1975:132) This would have been an accurate portrayal of the spring of 2000. But this observation was made in spring 1926.

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